Paradigm Capital Management Inc. NY Invests $5.99 Million in Mid-America Apartment Communities, Inc. $MAA

Paradigm Capital Management Inc. NY purchased a new stake in Mid-America Apartment Communities, Inc. (NYSE:MAA) in the second quarter, HoldingsChannel reports. The firm purchased 43,115 shares of the real estate investment trust’s stock, valued at approximately $5,990,000.

A number of other hedge funds have also modified their holdings of the company. Physician Wealth Advisors Inc. increased its stake in Mid-America Apartment Communities by 65.2% in the fourth quarter. Physician Wealth Advisors Inc. now owns 190 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 75 shares in the last quarter. Elevation Wealth Partners LLC boosted its position in shares of Mid-America Apartment Communities by 593.1% during the second quarter. Elevation Wealth Partners LLC now owns 201 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 172 shares in the last quarter. Nalls Sherbakoff Group LLC bought a new position in shares of Mid-America Apartment Communities during the fourth quarter worth $32,000. Measured Wealth Private Client Group LLC bought a new position in shares of Mid-America Apartment Communities during the third quarter worth $33,000. Finally, Hurley Capital LLC grew its holdings in shares of Mid-America Apartment Communities by 70.4% in the 4th quarter. Hurley Capital LLC now owns 271 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 112 shares during the period. 93.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently commented on MAA shares. Weiss Ratings upgraded shares of Mid-America Apartment Communities from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, July 20th. Citigroup reiterated a “market outperform” rating on shares of Mid-America Apartment Communities in a report on Wednesday, June 10th. Truist Financial boosted their target price on Mid-America Apartment Communities from $136.00 to $146.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. Jefferies Financial Group upgraded Mid-America Apartment Communities to a “hold” rating in a report on Wednesday, July 22nd. Finally, Morgan Stanley dropped their price target on Mid-America Apartment Communities from $155.00 to $147.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 12th. Eight research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Mid-America Apartment Communities has an average rating of “Hold” and an average price target of $144.81.

Mid-America Apartment Communities Stock Up 1.4%

Mid-America Apartment Communities stock opened at $133.13 on Tuesday. The stock has a market capitalization of $15.45 billion, a PE ratio of 38.93 and a beta of 0.73. Mid-America Apartment Communities, Inc. has a twelve month low of $120.30 and a twelve month high of $146.41. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 1.02. The company has a 50 day moving average of $134.79 and a 200-day moving average of $131.54.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $2.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $1.32. Mid-America Apartment Communities had a net margin of 18.17% and a return on equity of 6.99%. The company had revenue of $555.13 million during the quarter, compared to the consensus estimate of $556.18 million. During the same quarter in the prior year, the firm earned $2.15 earnings per share. The firm’s revenue was up 1.0% compared to the same quarter last year. Mid-America Apartment Communities has set its FY 2026 guidance at 8.410-8.650 EPS and its Q3 2026 guidance at 2.040-2.160 EPS. On average, equities research analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.52 EPS for the current fiscal year.

About Mid-America Apartment Communities

Mid-America Apartment Communities, Inc (NYSE: MAA) is a publicly traded real estate investment trust (REIT) specializing in the acquisition, development, redevelopment and operation of multifamily residential properties. The company focuses on high-barrier-to-entry apartment communities, offering a mix of one-, two- and three-bedroom homes designed to meet the needs of diverse renter demographics. Its integrated business model encompasses property management, leasing, maintenance and customer service, providing residents with a comprehensive living experience under one ownership platform.

MAA’s portfolio comprises more than 100 communities and over 40,000 apartment homes across key Sun Belt markets.